 Home
 Worksheets For class 8
 ICSE Worksheet for Class 8 Maths
 ICSE Worksheet for Chapter  5 Simple Interest And Compound Interest Class 8
ICSE Worksheet for Chapter  5 Simple Interest And Compound Interest Class 8
Worksheets For class 8
Find ICSE Worksheet for chapter5 Simple Interest And Compound Interest class 8

CLASS8

BOARD: ICSE

Mathematic Worksheet  5

TOPIC: Simple Interest And Compound Interest

For otherICSE Worksheet for class 8 Mathematic check out main page of Physics Wallah.
SUMMARY:

Simple interest:

If the principal remains the same throughout the loan period, then the interest paid by the borrower is called Simple interest.

S.I. = (P×R×T)/100

Compound interest:

If the borrower and the lender agree to fix up a certain interval of time so that the Amount =(Principle+ Interest) at the end of an interval becomes the principal for the next interval, then the total interest over all the intervals calculated in this way is called compound interest.

Let P be the principle and the rate of interest be R% per annum. If the interest is compounded annually then the amount A and the compound interest C.I, at the end of n years.

Given by A = P(1+R/100)^{n}

and C.I = AP=P{(1+R/100)^{n}1} respectively.
EXERCISE:

A sum of money amount to Rs. 1237.50 and Rs. 1443.75 in 4 and 6 years respectively at a simple rate of interest. Find the principal and rate of interest.

Find the compound interest on Rs. 8000 for 11/2 years at 10% per annum, interest being payable half yearly.

Find the compound interest on Rs. 12000 for 3 years at 10% per annum, compounded annually.

In what time will Rs. 64000 amount to Rs.68921 at 5% per annum, interest being compounded half y early?

3/2 years

2/3 years

2 years

none of these

At what percent per annum, simple interest will double a sum of money in 12 years?

25/3%

24%

25/4%

8.25%

A sum of Rs. 500 was lent for 2 years at 2% compound interest. The interest for two years will be:

Rs.20

Rs.25

Rs.50.20

Rs.20.20

Compute the compound interest on Rs. 1000for 2 years at 10%per annum when compounded half yearly.

Rs. 315.15

Rs.200

Rs.215.50

None of these

Find the compound interest on Rs. 24000 at 15% per annum for 21/3 years.

Rs. 9327

Rs. 9723

Rs. 9372

Rs. 9237
Solutions: to worksheet5 TopicSimple Interest And Compound Interest

P= Rs. 825, R= 12.5%

Rs. 1261

Rs. 3972

(a)

(a)

(d)

(c)

(a)
Talk to Our counsellordc
Give a missed call
07019243492